LEASE FOR DISPOSAL
East Kilbride is home to Scotland’s largest In - Town shopping centre, with approximately 200 shops, anchored by Debenhams, Boots, Marks & Spencer and Primark.
The subjects are located in the popular Princes Mall , next to Farmfoods, opposite Savers with Poundland, Home Bargains and Iceland all close by.
Formed over ground and first floor levels we calculate the following approximate areas and dimensions:-
Frontage: 17’ 0” (5.18 m)
Gnd Floor Sales: 1,143 ft² (106.19 m²)
FF Ancillary: 1,064 ft² (67.45 m²)
Total NIA: 1,869ft² (173.64 m²)
The shop is held under an existing lease until 24/03/2021 at a rent of £65,500 pa without further review. Interest is invited by way of an assignment or co-terminus sub-lease on terms to be agreed.
All terms are quoted net of VAT where applicable.
The shop enjoys a Class 2 planning consent.
The subjects are currently assessed for rating purposes as follows:-
Rateable Value (20/21): £32,000
Rates Payable (20/21): £15,680 (excluding water and sewerage charges)
Interested parties are recommended to secure direct verification from Lanarkshire Assessors.
The subjects have an EPC rating of F. A copy of the EPC is available upon request.
Upon completion of all legal formalities
Each party to cover their own costs. Ingoing occupier to be responsible for any SDLT, Registration Dues and VAT.
To comply with Money Laundering Regulations we are legally required to undertake due diligence on prospective purchasers/tenants which will at a minimum include proof of identity/address and funding. Applicable documentation will therefore be required on agreement of Heads of Terms.
All appointments to view & further information may be secured through this office.